Nov 02, 2012

 

September 2012 Denver Housing Report (archived)

The Denver market's housing inventory remained about "the same" during September, from August. With our inventory remaining constant, sales inched up just a bit, to about 4700 properties sold throughout Metro Denver. That number is down by a few hundred units since the market peaked in July.

As we head into Fall, the number of days it takes to sell a home continues to drop. At the beginning of this year, it took about 100 days 'on average' to sell a house. This has steadily dropped to what is now 65 days, on average, as of September. The averages represent 'homes & condos' in all price ranges, including high-end and the most affordable of homes. The vast majority of sales are still concentrated in price ranges under $300,000, and those homes typically sell very quickly.

Single-family home prices fell again for the second month in a row, but just slightly. Condos saw a larger drop in their average sales price, about $7,000 per unit. In reality though, this doesn't necessarily suggest that condo prices are falling. From one month to another, prices tend to ebb and flow depending on what is available in the market that month. We'll need to see more evidence and continued declines to draw any conclusions.

Overall, the Denver market is churning out sales as quickly as it can. Given its steady inventory turnover, home shoppers remain engaged. We'll probably continue to see a high level of market activity until the snow flies. More updates soon!

Stay tuned!

 

Average Home Price & Solds Graphs

 

Average Home Price, Inventory, & Days-On-The-Market Graphs

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Check Out Today's Interest Rates

Today's Interest Rates

 

Get It Monthly - Average Home Price & Trends!

We subscribe to a variety of data sources that helps us evaluate Denver's average home price and trends report, for our clients. If you'd like a copy of our Average Home Price & Trends Report for Denver, simply send us the easy form below.

Originally posted at: Average Home Price And Trends Report. Data provided by Metrolist. Graphs copyright© Michael Dagner Group. All information deemed accurate, but cannot be guaranteed. Image attribution - percent - www.sxc.hu

 

 

(303) 514-4000
What Our Clients Say

Buy A Home

Sell A Home

New Homes

Foreclosure Help

First-Time Buyers

Copyright © 2012, *September 2012 Denver Housing Report*, by Michael Dagner and www.DenverHomesOnline.com. All rights reserved.